Candle Time Indicator for MT4

Candle Time Indicator MT4 Chart

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Never miss another Candle close with Candle Time Indicator!

This is a Candle Time indicator which shows how much time is left before candle closes. The indicator shows the time in: hours:minutes:seconds to the end of the current candle. It works with all time-frames. Time is updated on every tick.

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This are the available settings for Candle Time Indicator which you can change:

Candle Time Indicator Settings

  • TextColor: choose color of the countdown clock
  • FontSize: Size of the font
  • FontName: font you want to use
  • DisplayTimeByTheBar: If set to true time will be shown next to the active candle
  • DisplayTimeComment: If set to true it will show a comment on the TOP LEFT part of the chart like: (9 minutes 16 seconds left to bar end)
  • TextUsuallyAbovePriceLine: If set to true candle end time will be displayed above the Price line. If set to false it will be displayed below price line.
  • SpreadFactor: Specify how far away (up or down) from the Price line will the candle end time be displayed. Bigger the number further away the price will be

 

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P4L CandleTime.mq4

Download 16.48 KB 17298 downloads
File
P4L CandleTime.mq4

 

How to install Candle Time countdown indicator in MetaTrader 4 / MT4:

  1. Download/Copy/Save the MQ4/EX4 file into your C:\Program Files\MetaTrader 4\experts\indicators folder (or change the folder to your installation sometimes forex broker name)
  2. Restart your MetaTrader 4 application (assuming it’s currently open) … or Launch your MetaTrader 4 application
  3. On the left hand side, look for the “Navigator” window and under the “Common” tab, look into the “Custom Indicators” section
  4. Locate the indicator which you have just downloaded into the folder stated in Step 1
  5. Drag (Click and drag) the indicator onto the chart
  6. Choose your settings and click OK.
  7. TADA and your done!

 

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3 Responses to Candle Time Indicator for MT4

  1. Peter August 16, 2014 at 20:47 #

    Hi,

    what means auto timeshift adjust and what means adjust weekly time remain by_min in the settings?

    Thanks

    Peter

    • admin February 21, 2015 at 13:06 #

      AutoTimeShiftAdjust: It adjusts for Symbol() names like: “EURUSD+1H”. However, change to “false” if your Symbol() name DOES contain a natural “-” or “+” sign.

      TimeRemainByMin: At least one broker’s Weekly feed has a flakey error. The weekly bars SAY they begin on calendar Sunday at 00:00:00 but in fact the first few hours of Sunday trades are applied to the *previous* weekly bar, and then a new weekly bar occurs starting Monday 00:00:00. The broker’s weekly bar start time is a lie by exactly 1 day. Adding a single day of minutes (1440) to the timer provides the true time remaining. This variable is a hack to fix the broker’s error. Alternatively, this variable could be used for a different purpose: The weekly transition may occur over a weekend. This adjustment *might* be able to be used to count down to the broker’s Friday close. However, that may result in “negative” seconds at the beginning of the week.

  2. Peter August 16, 2014 at 22:27 #

    It would be great if you could include an alarm if the countdown is over. Furthermore it would be cool if you give us the possibility to display the countdown also in big letters (possibility to choose font type, size and colour) in the right corner 3 at Metatrader.

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